Description: Adjusting GAAP reinsurance reserves to account for reinsurance protection against the events that trigger direct reserve constraints (such as NPR capping or LFPB flooring) can be a challenge any time. Ceding a block of business that is already in force increases the challenge—especially if one of those constraints was already present at inception of the reinsurance. This article builds on previous work (published in the July 2022 and June 2023 issues) to show how to measure initial reinsurance reserves in a way that complies with AICPA guidance and prepares for effective measurement of subsequent changes in the effects of the constraints.

Description: We stand for respect and equality. We are committed to doing all we can to ensure that our profession reflects the diverse perspectives, cultures and backgrounds of the members and candidates.

Description: The SOA, in collaboration with CSU-Fullerton, hosted the first event combining local high school students and community college and university students for a day of learning and networking.

Description: Details on the Retirement Section Council and the direction we're moving for our members.

Description: It highlights key initiatives and leadership changes within the SOA Education and Research (E&R) Section in year 2025.

Description: Actuarial functions are being asked to do more with less: being challenged to provide more value to the business through applying insight and foresight. This article examines ways in which actuaries can provide business insights with very limited investment. The article provides actionable steps that actuaries easily apply to their daily work.

Description: A discussion with an experienced actuarial manager on how the COVID-19 pandemic has impacted people management and what we can learn and apply in the actuarial profession going forward.

Description: An update on the activities of the JRMS Council.

Description: A story about a mother/actuary’s journey of discovering her work-life balance through entrepreneurship.

Description: The incoming E&R chair for the coming year reflects on past accomplishments of the E&R council, acknowledges with thanks contributors, and looks forward to continuation in the coming year.